Question: In the current year, Mrs . G received $ 5 , 0 0 0 in advance payments under a 5 0 - month lease agreement.

In the current year, Mrs. G received $5,000 in advance payments under a 50-month lease agreement. The $5,000 represented the entire amount due under the lease. There were no restrictions on the use or enjoyment of the payments. Mrs. G must include the $5,000 as income in the current year.
A.True.
B.False.

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